But I'm hoping to turn that potential loss into cash flow as prices continue to rebound and rental rates will increase in Orlando.So that is rental property #1.Beyond that I've got a good nest egg already built up in stocks.

After that, I think a great way to get my feet wet is to do some bird-dogging to help build a nest egg and learn about the business.  

I forgot to mention I do have a nice sized nest egg to potentially buy a property with cash or at least close to it.

As many in this generation retire, sell the “nest” and enter a new lifestyle to become leisure travelers, they are increasingly seeking the maintenance free environment that renting can offer.

You can nest labels within other labels.

If I can maintain a 12% ROI on my investments, I can maintain a $120K tax free income on each account without depleting the $1 million tax free nest egg--but if I needed to I could sell off those investments and cash out tax free. 

The owner took very good care of his properties, this was his nest egg.

Nothing personal as to your socio-economic standing, but you're barking up the wrong tree, birds of a feather flock together, sparrows don't nest with eagles, learn. work, grow, advance and in time you may well soar with the eagles.

Maybe a retiree that is looking for more control over their nest egg, maybe a young investor just starting out who is planing on living in one of the units, etc, etc.

@Eddie Werner So you only plan to draw 2.5% per year from your $2.5M nest egg?